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Oct 12, 2012
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, but it also will be mindful of the education deficit, also mindful of the infrastructure deficit and mindful of the competitive deficit, and we have to recognize there's many different kinds of deficits of which the financial deficit is only one. >> i think that's a fantastic ending for your talk today. thank you so much, larry. [applause] >> two presidential debates coming up. >> defense secretary says the u.s. space has the possibility of a close cyber pearl harbor that could shut down the transportation system, military networks, and military systems. secretary panetta's remarks came yesterday in new york city. >> frank, five words. you deserve to be here. [applause] ladies and gentlemen, it is now and high honor to introduce the most talented, versatile, and experienced leaders in american government, a man who serves our country by meeting the extraordinary challenges of our times. i am sure secretary of defense, leon panetta thinks on his days in the u.s. army intelligence where he received the army accommodation metal. he chaired the house budget committee before moving on to
, but it also will be mindful of the education deficit, also mindful of the infrastructure deficit and mindful of the competitive deficit, and we have to recognize there's many different kinds of deficits of which the financial deficit is only one. >> i think that's a fantastic ending for your talk today. thank you so much, larry. [applause] >> two presidential debates coming up. >> defense secretary says the u.s. space has the possibility of a close cyber pearl harbor that...
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Oct 11, 2012
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bye getting the deficit down is the essential for those things. that is why our deficit reduction plan is not an alternative to a great plan, it is the very foundation of our great plan. it is the only way that we will get to britain on the rise. now, i know that you are asking whether our plan is working and here is the truth. the damage was worse than we thought and its taking longer than we hoped. the world economy, especially in the year autozone has been much weaker than expected in the last two years. some of your big trading partners like spain, ireland, italy are separating less by us. it makes it harder for us to pay off our debt. but here is the crucial thing you need to know. yes it is worse than we thought and yes it is taking longer but we are making progress thanks to the good result of george osborn we've cut off the deficit. 25%. that has helped to keep our interest rates at record low levels. keeping the market is low. more money in your pockets, giving businesses more confidence to invest, creating more jobs. and if you don't bel
bye getting the deficit down is the essential for those things. that is why our deficit reduction plan is not an alternative to a great plan, it is the very foundation of our great plan. it is the only way that we will get to britain on the rise. now, i know that you are asking whether our plan is working and here is the truth. the damage was worse than we thought and its taking longer than we hoped. the world economy, especially in the year autozone has been much weaker than expected in the...
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Oct 10, 2012
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the second has a one half trillion dollar deficit. probably the most cynical gimmick in this bill is something that we all probably agree on. we don't think we should cut doctors' 21% next year. we stop those cuts from occurring every year for the last seven years. we all call this the toxics. well, according to your numbers it cost her her $71 billion. it was in the first iteration of all these bills. because it was a big price tag and made the score look bad, may look like a deficit, that provision was taken out and has been going on in stand-alone legislation. ignoring these costs does not remove them from the backs of taxpayers. hiding spending does not reduce spending. and so when you take a look of this is just as not add up. let's finish with the cost curve. we bending the cost curve down or up? well, if you look at your own chief actuary of medicare revenue up. he is time we are going up $222 billion, adding more to the unsustainable fiscal situation we have. and so when you take a look at this it is really deeper than the def
the second has a one half trillion dollar deficit. probably the most cynical gimmick in this bill is something that we all probably agree on. we don't think we should cut doctors' 21% next year. we stop those cuts from occurring every year for the last seven years. we all call this the toxics. well, according to your numbers it cost her her $71 billion. it was in the first iteration of all these bills. because it was a big price tag and made the score look bad, may look like a deficit, that...
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Oct 11, 2012
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the competitiveness deficit. and we need to recognize that there are many different kinds of deficits, of which the financial deficit is only one. spent i think that's a fantastic ending for your talk today. thank you so much, larry. [applause] >> [inaudible conversations] >> [inaudible conversations] >> [inaudible conversations] >> look at what president obama did on the budget, nothing except the borrow and spend. and as result of the president's abdication of leadership, as a result of saying the most predictable economic crisis in our countries history and not fixing it, our credit rating was downgraded for the first time in our history. >> we laid out a $4 trillion debt reduction plan over the next 10 years. 4 trillion. we have already passed 1 trillion of it. ladies and gentlemen, these guys vote against everything. not only do they say they don't like a plan, i get that. you don't like our plan. what's your plan? >> tonight congressman paul ryan and vice president joe biden will face off in the only debate
the competitiveness deficit. and we need to recognize that there are many different kinds of deficits, of which the financial deficit is only one. spent i think that's a fantastic ending for your talk today. thank you so much, larry. [applause] >> [inaudible conversations] >> [inaudible conversations] >> [inaudible conversations] >> look at what president obama did on the budget, nothing except the borrow and spend. and as result of the president's abdication of...
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Oct 11, 2012
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we have reduced the federal deficit $70 billion. and senator bentsen voted against gramm-rudman, the very tool that has been used to bring the federal deficit down. we are going to need all the tools possible to bring the deficit down. we need the tools of the line-item veto. a line-item veto that 43 governors in this country have but not the president of the yunus -- united states. the president needs to have a veto when congress goes ahead and puts into appropriations bill unnecessary spending. let the president put a line through that and send it back to the congress and that the congress vote on it again. congress has got to help out in reducing this budget deficit as much as the executive branch. >> moderator: tom brokaw a last question for senator bentsen. >> you are running on the ticket with michael dukakis and a man who is opposed to the death penalty, a man who is in favor of gun control and at the same time you're running for the united states senate and the state of texas where your position on many of those same issues
we have reduced the federal deficit $70 billion. and senator bentsen voted against gramm-rudman, the very tool that has been used to bring the federal deficit down. we are going to need all the tools possible to bring the deficit down. we need the tools of the line-item veto. a line-item veto that 43 governors in this country have but not the president of the yunus -- united states. the president needs to have a veto when congress goes ahead and puts into appropriations bill unnecessary...
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Oct 8, 2012
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if you think about it i would argue that the inability of the government to fix this borrowing debt deficit issue in the book, vice president biden's chief of staff, talking about the economic crisis in 2011, that's exactly what is going on. there is so much evidence that it is the biggest future. we are on the path becoming europe and greece. you just can't keep borrowing money. there is a stunning and fiction in this country, and we need some sort of we need some serious intervention. in the book, what i attempt to do is take people to the presidents and leaders and tell you exactly because of the luxury of time and my publisher, simon & schuster, i declined to get the meeting notes to get the exact detail to interview president obama and speaker boehner and the key players in this. i just want to take one quick snapshot from what happened that we didn't know about, which is critical. when the cops pull up less when the president was upset, he called the congressional leaders on a saturday morning at 11:00 o'clock a.m. something in democratic andemoat republican leader were trying to work
if you think about it i would argue that the inability of the government to fix this borrowing debt deficit issue in the book, vice president biden's chief of staff, talking about the economic crisis in 2011, that's exactly what is going on. there is so much evidence that it is the biggest future. we are on the path becoming europe and greece. you just can't keep borrowing money. there is a stunning and fiction in this country, and we need some sort of we need some serious intervention. in the...
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Oct 10, 2012
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how can he guarantee that and cut the deficit in half as he's promised? >> because we will do what they've not done. if you look at what's happened over the last four years, we have gone from a $5 trillion projected surplus when george bush took office to a $3 trillion projected deficit. they promised they were going to put $2 trillion of the surplus aside for social security. not done. not only that, it's the biggest fiscal turnaround in american history. and there's no end in sight. "the washington post" just reported they have several trillion dollars of additional tax cuts in spending. no suggestion of what they're going to do about it. john kerry and i believe we have a moral responsibility not to leave trillions of dollars of debt to our children and our grandchildren. so, here's what we're going to do, to answer your question, to pay for the things that we believe need to be done. we talk about healthcare and education because we have plans on both those things. what we're going to do is roll back tax cuts -- and i want everyone to hear this becaus
how can he guarantee that and cut the deficit in half as he's promised? >> because we will do what they've not done. if you look at what's happened over the last four years, we have gone from a $5 trillion projected surplus when george bush took office to a $3 trillion projected deficit. they promised they were going to put $2 trillion of the surplus aside for social security. not done. not only that, it's the biggest fiscal turnaround in american history. and there's no end in sight....
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Oct 8, 2012
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terms of the deficit. you may not like obama, you may not like his program, you may have a different way of looking at the way the country should run, but obama as the creator of the deficit? , i mean, he inherited this thing in the 2008. the economy in the ruins. there was a decade running up the deficit. with the economy down it means lower tax collections. she contributed very little to the deficit in terms of the industrial problems. and the little he tried to do such as the modest stimulus have been condemned by the people. you may not like him, but the idea he created the deficit, is just bogus. >> host: the politicians, though find that in fact there's money coming from the hedge fund. there's money coming from the brother and the big industrial. >> guest: exactly. >> host: they feel, suspect, well, that's the pressure, the way the game is being played these days. and you look right now at the fundraising. romney is outraising obama in a lot of the wall street type, the business types say, you know,
terms of the deficit. you may not like obama, you may not like his program, you may have a different way of looking at the way the country should run, but obama as the creator of the deficit? , i mean, he inherited this thing in the 2008. the economy in the ruins. there was a decade running up the deficit. with the economy down it means lower tax collections. she contributed very little to the deficit in terms of the industrial problems. and the little he tried to do such as the modest stimulus...
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Oct 9, 2012
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we've caught this witching hour is sequestering in the bush era tax cuts and the deficit ceiling staring us in the face. and yet the good news for the country is we at least have two vice presidential candidates that seem to have some courage and they say what they want to say. now whether the people who would pick them to run when it's our happy about it, i don't know. but she can't say that either ryan or biden are shrinking violet spirit good for them. but you agree or not, least you know where they stand. >> are you on not click >> i agree entirely. one of the big problems we have in this country, there'll be sold industrial cities that have been hollowed out. not true because you're the big big stem group appear and it's got a history and there's a race to beat your chicago or new york and other cities, but then their cities that have left and half the city's big day, house of flying down, no traffic on the wrist. it got too many classrooms, not too few as we do. the caution is, what can you do about it? i was asked about it and i picked detroit as an example. with the federal gover
we've caught this witching hour is sequestering in the bush era tax cuts and the deficit ceiling staring us in the face. and yet the good news for the country is we at least have two vice presidential candidates that seem to have some courage and they say what they want to say. now whether the people who would pick them to run when it's our happy about it, i don't know. but she can't say that either ryan or biden are shrinking violet spirit good for them. but you agree or not, least you know...
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Oct 12, 2012
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the debt to gdp ratio the stake in parent in even sweeping comprehensive measures for reducing the deficit such as those that were subjected by simpson-bowles. i am under no illusion that the maintenance or achievement of rapid economic growth is sufficient to address issues of equity and debt. the experience of the american economy in the 1990s demonstrates you can have rising inequity even as you have rapid economic growth. but of this i am nearly certain: without rapid growth, without growth in excess of potential, there is no realistic prospect of alleviating the squeeze on those with middle incomes, without a rapidly expanding economy, there is no realistic prospect of substantial improvement in our achievement of equality of opportunity. i have lived and watched this in small metaphor, right near me. harvard has a bookstore, a large bookstore in harvard square. in the 90s when the economy is very strong and the unemployment rate is low and it is hard to find people to work, they send
the debt to gdp ratio the stake in parent in even sweeping comprehensive measures for reducing the deficit such as those that were subjected by simpson-bowles. i am under no illusion that the maintenance or achievement of rapid economic growth is sufficient to address issues of equity and debt. the experience of the american economy in the 1990s demonstrates you can have rising inequity even as you have rapid economic growth. but of this i am nearly certain: without rapid growth, without growth...
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Oct 9, 2012
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your sign said reduce deficits and you thoughted no blood for oil. and you were chained to a rural health organization. what's your message? >> well, -- >> so wrong building, unclear message, but at least jody reached the people. >> how long before someone noticed you? >> 18 hours. [laughter] >> why do you think people ignored you? >> i think people don't like to think about the troubles in the international spectrum right now. >> not because you were below sidewalk level? jody brought me to the place where, for some reason, no one saw him. you were chained where? >> just to this door handle here. >> okay. and was this sign here when you -- >> actually it was. >> did you read this sign? >> after i locked to the door handle. >> yes, after he locked to the door handle. but every good protester has a contingency plan. >> when you found out you were in the wrong place you just unlocked yourself and moved, right? >> no. because i didn't have the key. i, went to the demonstration -- >> forgot it? left it somewhere? >> i left it in the car way was using. >>
your sign said reduce deficits and you thoughted no blood for oil. and you were chained to a rural health organization. what's your message? >> well, -- >> so wrong building, unclear message, but at least jody reached the people. >> how long before someone noticed you? >> 18 hours. [laughter] >> why do you think people ignored you? >> i think people don't like to think about the troubles in the international spectrum right now. >> not because you were...
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Oct 10, 2012
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. >> what is the lineup in the case as far as the deficits, who will hear it and decide? >> only eight justices will decide because justice elena kagan is recused having worked. so eight justices. it's a pretty good bet that for more conservative justices will vote to if not strike down entirely, limit the use of race. the others will go the other way and as usable, justice anthony kennedy will hold the deciding vote. he has on the one hand said some positive things about using race and about the importance of diversity. on the other hand, he's never in his career and voted to uphold an affirmative action plan so she is a real wild card. >> is it possible this could be a 4-4 decision? >> it's not likely that it's possible and if it were, that would have the effect without opinion and without reasoning from the supreme court automatically affirming the decision below which had up held the texas program manning the split would equal that affirmative action stays the way we know it today. >> is the university of texas the only school that uses this type of system? >> that's
. >> what is the lineup in the case as far as the deficits, who will hear it and decide? >> only eight justices will decide because justice elena kagan is recused having worked. so eight justices. it's a pretty good bet that for more conservative justices will vote to if not strike down entirely, limit the use of race. the others will go the other way and as usable, justice anthony kennedy will hold the deciding vote. he has on the one hand said some positive things about using race...